BOS Asset Management LLC Reduces Holdings in NVIDIA Co. (NASDAQ:NVDA)

BOS Asset Management LLC lowered its stake in shares of NVIDIA Co. (NASDAQ:NVDA) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,193 shares of the computer hardware maker’s stock after selling 1,280 shares during the quarter. NVIDIA comprises 2.3% of BOS Asset Management LLC’s holdings, making the stock its 10th largest holding. BOS Asset Management LLC’s holdings in NVIDIA were worth $6,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. DiNuzzo Private Wealth Inc. lifted its holdings in shares of NVIDIA by 0.8% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 8,612 shares of the computer hardware maker’s stock valued at $1,157,000 after purchasing an additional 71 shares in the last quarter. Baker Boyer National Bank lifted its holdings in shares of NVIDIA by 3.3% in the fourth quarter. Baker Boyer National Bank now owns 2,403 shares of the computer hardware maker’s stock valued at $323,000 after purchasing an additional 76 shares in the last quarter. Kwmg LLC lifted its holdings in shares of NVIDIA by 0.6% in the fourth quarter. Kwmg LLC now owns 13,067 shares of the computer hardware maker’s stock valued at $1,755,000 after purchasing an additional 77 shares in the last quarter. SC&H Financial Advisors Inc. lifted its holdings in shares of NVIDIA by 1.6% in the fourth quarter. SC&H Financial Advisors Inc. now owns 5,074 shares of the computer hardware maker’s stock valued at $681,000 after purchasing an additional 80 shares in the last quarter. Finally, DecisionPoint Financial LLC lifted its holdings in shares of NVIDIA by 2.9% in the fourth quarter. DecisionPoint Financial LLC now owns 2,878 shares of the computer hardware maker’s stock valued at $386,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.

Insider Transactions at NVIDIA

In other news, insider Donald F. Robertson, Jr. sold 4,500 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total transaction of $525,600.00. Following the completion of the transaction, the insider now directly owns 479,428 shares in the company, valued at $55,997,190.40. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Colette Kress sold 66,660 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $116.83, for a total transaction of $7,787,887.80. Following the transaction, the chief financial officer now owns 3,085,765 shares of the company’s stock, valued at approximately $360,509,924.95. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,147 shares of company stock worth $17,133,207 in the last three months. Insiders own 4.23% of the company’s stock.

NVIDIA Price Performance

NVDA opened at $135.40 on Friday. The stock has a market cap of $3.31 trillion, a P/E ratio of 53.29, a P/E/G ratio of 1.76 and a beta of 2.11. The company has a quick ratio of 3.64, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. NVIDIA Co. has a 12 month low of $86.62 and a 12 month high of $195.95. The company has a fifty day simple moving average of $112.33 and a 200 day simple moving average of $127.06.

NVIDIA (NASDAQ:NVDA) last announced its earnings results on Wednesday, February 26th. The computer hardware maker reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. The firm had revenue of $39.33 billion during the quarter, compared to analyst estimates of $38.16 billion. NVIDIA had a net margin of 55.69% and a return on equity of 114.83%. On average, research analysts expect that NVIDIA Co. will post 2.77 EPS for the current year.

NVIDIA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were paid a dividend of $0.01 per share. The ex-dividend date was Wednesday, March 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.03%. NVIDIA’s dividend payout ratio is 1.36%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NVDA shares. KeyCorp set a $190.00 target price on NVIDIA in a report on Wednesday, March 19th. Bank of America increased their target price on NVIDIA from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler restated an “overweight” rating on shares of NVIDIA in a report on Friday, April 25th. Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of NVIDIA in a report on Wednesday, April 16th. Finally, DA Davidson cut their price objective on NVIDIA from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.84.

NVIDIA Company Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.